Tax Rate Bylaw No. 1844

Municipal District of Bonnyville No. 87, Alberta

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BYLAW N0.1844 A BYLAW OF THE MUNICIPAL DISTRICT OF BONNYVILLE NO. 87, IN THE PROVINCE OF ALBERTA TO AUTHORIZE THE RATES OF TAXATION TO BE LEVIED AGAINST ASSESSABLE PROPERTY WITHIN THE MUNICIPAL DISTRICT OF BONNYVILLE NO. 87 FOR THE 2023 TAXATION YEAR (2022 ASSESSMENT YEAR) HEREBY CITED AS THE 2023 TAX RATE BYLAW. WHEREAS, under the provisions of the Municipal Government Act, RS.A 2000, Chapter M-26, and amendments thereto, a Council must pass a property tax bylaw annually; AND WHEREAS, the Municipal District of Bonnyville No. 87 has prepared and adopted detailed estimates of municipal revenues and expenditures as required, at the council meeting held on November 23, 2022; AND WHEREAS, the estimated municipal expenditures and transfers set out in the budget for the Municipal District of Bonnyville No. 87 of Alberta for 2023 (excluding non-cash items) total $110,394,183; AND WHEREAS, the estimated municipal revenues and transfers from all sources other than taxation is estimated at $7,528,223 and the balance of $102,865,960 to be raised by general municipal taxation; AND WHEREAS, the requisitions are: Alberta School Foundation Fund (ASFF) Residential/Farmland - Requisition - 2022 Over-Levy Non-Residential - Requisition - 2022 Under Levy $ 4,258,541 $ -6,616 $11,464,138 $ 21 394 Lakeland Catholic Separate School Division (LRCSSD) Residential/Farmland - Requisition $ 431, 162 - 2022 Under Levy $ 2 487 Non-Residential - Requisition - 2022 Under Levy $ $ 42,760 5,693 $4,251,925 $ 11,485,532 $433,649 $48,453 Total School Requisitions $16,219,559 Requisition Allowance MGA (359(2)) $0 Seniors Foundation $ 573,533 Greater North Foundation $ 310,040 Designated Industrial Property) $442,774 Page 1 of 4 BYLAW NO. 1844 AND WHEREAS, the Council of the Municipal District of Bonnyville No. 87 is required each year to levy on the assessed value of all property, tax rates sufficient to meet the estimated expenditures and the requisitions; AND WHEREAS, the Council is authorized to classify assessed property, and to establish different rates of taxation in respect to each class of property, subject to the Municipal Government Act, R.S.A. 2000, Chapter M-26; AND WHEREAS, the assessed value of all property in the Municipal District of Bonnyville No. 87 of Alberta as shown on the assessment roll is: Assessment Residential Farmland Non-Residential Machinery & Equipment Machinery & Equipment* Exempt Exempt* Total Assessment Vacant Vacant* Small Business Other (Non-Linear Property) Other (Linear Property) Other (Non-Linear Property)* Other (Linear Property)* $ 1,840,901,300 $ 63,066,110 $7,223,200 $447,720 $77,334,800 $375,705,200 $1,811,464,770 $297,400,080 $827,418,140 $ 1,676,328,060 $1,193,216,730 $218,284,720 $20,796,670 $8,409,587,500 *Order in Council O.C. 121/2021 NOW THEREFORE, the Council of the Municipal District of Bonnyville No. 87, duly assembled in the Province of Alberta, hereby enacts the following: 1 RATES OF TAXATION 1.1 That the Chief Administrative Officer is hereby authorized to levy the following rates of taxation on the assessed value of all property as shown on the assessment roll of the Municipal District of Bonnyville No. 87 of Alberta: Tax Levy Assessment Tax Rate General Municipal Residential $5,281,086 $ 1,840,901,300 2.86875 Farmland $315,331 $ 63,066,110 5.00000 Non-Residential - Vacant $103,608 $7,223,200 14.34375 Non-Residential - Vacant* $4,495 $447,720 10.04063 Non-Residential - Small Bus $887,417 $ 77,334,800 11.47500 Non-Residential - Other $31,372,219 $2,187,169,970 14.34375 Non-Residential - Other* $ 11,293,878 $1,124,818,220 10.04063 Machinery & Equipment $24,044,831 $ 1,676,328,060 14.34374 Page 2 of 4 2 BYLAW N0.1844 Machinery & Equipment* $ 11,980,642 $1,193,216,730 10.04063 Minimum Tax $35,400 Total Municipal $85,318,907 *Order in Council O.C. 12112021 ASFF Residential/Farmland $4,254,756 $1,726,767,899 2.46400 Non-Residential $11,490,973 $3,236,893,895 3.55000 LRCSSD Residential/Farmland $430,779 $174,828,949 2.46400 Non-Residential $42,864 $12,074,355 3.55000 Total School $16,219,372 $5,150,565,098 Requisition Allowance $0 $5,150,565,098 0 Seniors Foundation $573,562 $5,848,499,010 0.09807 Greater North Foundation $310,051 $2,318,482,670 0.13373 Designated Industrial $444,068 $5,952,651,770 0.07460 Total $102,865,960 1.2 The mInImum amount payable per parcel as property tax for general municipal purposes shall be $25. SEVERABILITY 2.1 It is the intention of Council that each separate provision of this Bylaw shall be deemed independent of all other provisions herein and it is the further intention of Council that if any provision of this Bylaw is declared invalid by a court of competent jurisdiction, then the invalid portion shall be severed and the remainder of the Bylaw is deemed valid and enforceable. 3 EFFECTIVE DA TE 3.1 That this Bylaw shall come into force and have effect from and after the date of third and final reading thereof. READ A FIRST TIME IN COUNCIL THIS 9~ DAY OF ~~'-\ , 2023. Page 3 of 4 BYLAW N0.1844 READ A SECOND TIME, AS AMENDED, IN COUNCIL THIS 9-tri DAY OF ~ \ f\"-\ I 2023. READ A THIRD AND FINAL TIME IN COUNCIL WITH THE UNANIMOUS CONSENT OF ALL COUNCILLLORS PRESENT THIS 9-tt'\ DAY OF N\ A-~ , 2023. Page 4 of 4